Shrink wrapping is extensively being used in the packaging industry due to numerous advantages including flexibility, illustration capability, and strength. Biodegradable shrink wraps are made from renewable resources such as corn starch, which is gradually being used as an alternative to traditional carbon resins. Biodegradable shrink wraps decompose in the presence of micro-organisms or bacteria under natural conditions. Biodegradable shrink wraps are finally decomposed into carbon dioxide, water, and biomass.
MARKET DYNAMICS
Growing demand for sustainable packaging solutions is expected to be the primary driver for the growth of the biodegradable shrink wrap market during the forecast period. The food packaging industry is a major sector driving the demand for the biodegradable shrink wrap products, due to factors including increase in demand for packaged food products and rising need for decomposable and recyclable products. Further, numerous companies are adopting biodegradable packaging solutions to market their products with green packaging labels for strategic customer acquisitions.
MARKET SCOPE
The "Global Biodegradable Shrink Wrap Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the biodegradable shrink wrap market with detailed market segmentation based on end use. The global biodegradable shrink wrap market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biodegradable shrink wrap market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biodegradable shrink wrap market is segmented into end use. By end use the biodegradable shrink wrap market is segmented into food and beverage, personal care and cosmetics, pharmaceuticals, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global biodegradable shrink wrap market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The biodegradable shrink wrap market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the biodegradable shrink wrap market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the biodegradable shrink wrap in these regions.
MARKET PLAYERS
The report covers vital developments in the biodegradable shrink wrap as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the biodegradable shrink wrap are anticipated to witness lucrative growth opportunities in the future with the rising demand for biodegradable shrink wrap in the global market. Below mentioned is the list of few companies engaged in the biodegradable shrink wrap market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biodegradable shrink wrap market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Easy Flux
- Yorkshire Packaging Systems
- S Kemper Ltd
- Sontex (Machinery) Ltd
- Tilak Polypak Pvt. Ltd
- Reef Repair
- Schlichter GmbH
- Jonatura Bio Based Packaging
- Bagla Group
- Tufwrap